from Silver Doctors:
Good evening Ladies and Gentlemen:
The gold comex today had a poor delivery day, registering 0 notices served for nil oz. Silver comex registered 39 notices for 195,000 oz .
Several months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 243.75 tonnes for a loss of 59 tonnes over that period. Lately the removals have been rising!
In silver, the open interest fell by 1298 contracts, due to short covering, as Friday’s silver price was up by 77 cents. The total silver OI continues to remain extremely high with today’s reading at 175,650 contracts. The front month of March fell by 30 contracts to 541 contracts. We are still close to multi year high in the total OI complex despite a record low price. This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end.
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